Careem co-founder shares five secrets to success with KSBL students

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KARACHI: “The perceived risk is a lot greater than the actual risk,” said Careem co-founder Mudassir Sheikha in a session held at Karachi School of Business and Leadership (KSBL).

Sheikha was invited as a guest speaker for KSBL’s “eminent business personalities speaking series” in which prominent business leaders, entrepreneurs and scholars share their business knowledge with students of KSBL on a weekly basis.

Careem’s co-founder’s session, titled “learnings in building Careem” reflected upon Sheikha’s journey from a consultant at McKinsey to becoming the co-founder of the ride-hailing giant, Careem.

Today with a presence in over 20 countries, a workforce of 2500+ and 500,000 captains, Sheikha is considered a successful entrepreneur in the tech segment.

In his address, Sheikha shared five lessons he attained from building Careem and stated them crux of success for start-ups.

“Solve local problems, iterate daily, hire the best talent, find strongest allies locally and always know your purpose,” said Sheikha to the students of KSBL who wish to launch their own startups.

The Pakistani national, Sheikha along with his partner Magnus Olsson found Careem in 2012 with the simple purpose of “simplifying lives and making an awesome organisation”, Sheikha told the attendees of the session.

At the end of the session, KSBL Dean Dr Zeeshan awarded a souvenir to Mudassir Sheikha as a thank you note.